Tuesday, April 7, 2009

I admit it, I was getting nervous stuck on $6.66, but I'm happy to report a trip to the bank today paid dividends, in the amount of 21 cents. Another case of parking lot pay dirt!

Well last week the G20 resolved to end the credit crunch crisis. The IMF said they were going to sell some of their gold reserves to fund it, consequently the price of gold dropped from around $935 an oz. to $882 at the time of blogging. Also the FASB have relaxed the mark-to-market rules for the banks, making them appear more solvent. Initially the stock market cheered all these moves, it is only now that they seem to realize the growth going forward will be galvanized by an accounting shell game and the IMF gold sales, but hey what do I know, I'm just an average guy trolling around for loose change.

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I have been working on a project since Aug 2006 called "How To Double Your Way to a Million in 28 Steps" and many of the steps in the early stages were made by finding change on the ground and other places.